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Minneapolis—We all know that women love their handbags and shoes as a means to update their wardrobes or express their style and/or status. But a new University of Minnesota research suggests some women also seek these luxurygoods to prevent other women from stealing their man. Through a series of five …

Paris—LVMH confirmed today that it has increased its stake in Hermès International to 23.1% from 22.6% in what it described as “an opportunistic move.” “It doesn’t say anything about our attitude in the future so you cannot extrapolate that for the rest of the year,” Jean-Jacques Guiony, chief financial officer …

New York—We learned a lot about luxury this week. LVMH and Kering, two of the largest luxurygoods conglomerates, reported their sales rose but not at the double-digit rates seen in recent quarters. Saks Inc., parent of Saks Fifth Avenue, reportedly for sale is reportedly a hot property, too—so far three …

Paris—LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxurygoods company, today reported a first half profit increase that missed analysts’ estimates but noted it was optimistic about the second half of the year. For the six months ended June 30, LVMH posted a net profit fall of 6% to …

Paris—Kering SA, parent to Gucci, today reported a steep decline in its first half profit as its luxury and sporting goods brands face a toughening economic environment and from discontinued operations. Kering, formerly known as PPR, posted a net profit of 173 million euros (about $228.39 million), or 1.37 euro …

Paris—Buoyed by a 12% jump in its second quarter sales, Hermés said today that its full year revenue is well on its way achieving an operating margin close to its historical high achieved in 2012. “Demand for Hermés items remains strong,” the company said. “In light of the sales achieved …

New York—Which brands do America’s ultra-wealthy consumers like best? Tiffany & Co. and Michael Kors. That’s what the Luxury Institute found when it recently asked U.S. consumers with a minimum net worth of $5 million about what luxury brands they buy and their relationships with those luxury brands sales associates. …

Stevens, PA—Although the so-called mass market accounts for the most sales in the fashion industry, a new study found that affluent consumers (the top 20% of U.S. households by income) account for about 40% of the total $361.2 billion fashion market. What’s more, these affluent consumers are accounting for the …

Shanghai—With China the key target for expansion among luxury brands (nearly all brands for that matter), the top ranked brands vying for attention with the Chinese market is closely watched and analyzed. That’s why when the Digital Luxury Group (DLG) today announced its results for the top 50 luxury brands …

New York—Although a new survey of ultra-wealthy U.S. consumers by the Luxury Institute found pentamillionaires plan to spend more money this year on travel, dining out and their wine cellars, 80% said luxurygoods are less important. In its 2013 State of the Luxury Industry report released Tuesday, the Luxury Institute …

London—In what was viewed as a dramatic turnaround in the luxury market, Burberry Group PLC today reported a pretax profit ahead of what analysts expected and reported stronger than expected growth in Asia. That was a relief in many circles since the British luxurygoods house reported last September that slowing …

New York–Retail earnings season is definitely off to a mixed result. The U.S. Commerce Department reported better-than-expected results for April while some retailers, including Kohl’s Kevin Mansell, agreed that April sales were stronger than previous months, due to “pent-up” demand. Which, of course, retailers hope will continue into summer months …

Rome—Despite a decline in its first quarter sales, Tod’s SpA Tuesday said it expects increased profit this year. For its quarter ended March 31, the footwear and accessories company said sales increased 3% from first quarter 2012. Consolidated sales in its first quarter were down 3.7%. The company said its …

Stevens, PA—If luxury spending by U.S. affluent consumers has chilled as some studies have suggested, then it will be incumbent upon luxury marketers to come up with new and creative ways to generate growth. “Affluents are keeping their heads down and conserving cash in the current uncertain economic environment. They …

Paris—After posting record-breaking sales for 2012 in February, Hermès International SCA today reported its slowest revenue growth in three years as its leathergoods sales slowed and its watch sales declined. For its first quarter of fiscal 2013, Hermès said revenue rose 12.8% at constant currencies to 856.8 million euros (about …

London—In a quarterly performance that analysts say outdid its rivals, Burberry Group Plc today reported its fourth quarter sales exceeded estimates thanks to sales of its more expensive products in China and Hong Kong. For the quarter ended March 31, the British luxurygoods brand said sales rose 11% to 503 …

Paris—LVMH, the world’s largest luxurygoods conglomerate, reported Monday that its first quarter sales rose 6% in line with analysts estimates, but revenue at its fashion and leathergoods division slowed to its weakest rate since 2009. Total first quarter sales at LVMH rose to 6.95 billion euros (about $9.1 billion) as …

The folks at Maison Duret in Paris, a bespoke leathergoods atelier, are ticked pink to bring you this pink suede belt. Made from pink suede with a raspberry pink vegetable tanned grained leather lining and finished off with the firm’s iconic Art Deco buckle, the belt is entirely hand stitched …

Paris—In marketing terms, Hermès enjoys a place at the top as “absolute luxury.” That rarified niche is proving lucrative, too, despite various economic problems that plague nations around the globe. Last week, the French luxurygoods company posted a record profit in addition to record sales for 2012. Hermès’ net profit …

Somerset, England—Citing disappointing sales and a drop in tourist spending in its London stores, Mulberry Group Plc today issued a full-year sales and profit warning. Shares in the British luxury handbag and leathergoods maker plunged some 19% today as a result. For the year ending March 31, Mulberry said its …